Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Hacking Blitz Drives Cyberinsurance Demand
Jun 15 2011 // The recent string of sensational hacker attacks is driving companies to seek “cyberinsurance” worth hundreds of millions of dollars, even though many policies can still leave them exposed to claims. Companies...
Best Affirms Hanover Insurance Group and Subs Ratings
Jun 14 2011 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of The Hanover Insurance Group Property and Casualty Companies and its members....
Vietnam Insurance Market Readies for Foreign Insurers, New Regulations
Jun 14 2011 // The Vietnamese insurance industry is expected to experience significant change within the coming years as it continues to open up to foreign insurers, and the country’s regulatory framework evolves. Vietnam’s...
Keystone Insurers Group Welcomes Indiana’s McGowan Insurance
Jun 13 2011 // McGowan Insurance Group Inc. of Indianapolis has become Keystone Insurers Group’s 27th franchise partner in Indiana, the companies announced. Led by Hugh M. McGowan, the McGowan Insurance has roots dating back to the...
Insurers Meet in Canada on United Nations Sustainability Principles
Jun 13 2011 // Canada is this week hosting the third of seven United Nations conferences to develop a set of sustainability principles for the insurance industry. Insurance industry CEOs and other senior executives from Bermuda, Canada...
P/C Insurance Industry Wins, Loses in Scott’s First Session
Jun 10 2011 // It is axiomatic in Florida that when it comes to the legislature and insurance issues, the power brokers play for the last 72 hours. No matter how many committee meetings, no matter how many press conferences, no matter...
Best Upgrades State Farm General Insurance Co.’s Ratings
Jun 9 2011 // A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit rating (ICR) to “a” from “a-” of State Farm General...
Two More Massachusetts Motorcycle Insurers Send Settlement Checks
Jun 8 2011 // Insurers USAA and NGM Insurance Co. will return a combined $3.4 Million to Massachusetts motorcycle policyholders as part of a settlement with state officials. Attorney General Martha Coakley said that 9,500 checks have...
Missouri: 17,000 Insurance Claims Filed So Far From Joplin Tornado
Jun 8 2011 // The major insurance companies serving consumers in the Joplin area have received nearly 17,000 claims so far from residents and business owners with damage from the EF-5 tornado that struck the area on May 22, insurance...
Insurer Seeks to Void Policy for Jackson Shows
Jun 7 2011 // The insurer of Michael Jackson’s planned series of comeback concerts is asking a Los Angeles judge to nullify a non-appearance policy issued to concert promoters. Underwriters at Lloyd’s of London sued AEG Live...
Insurance Companies to Pay $50K Penalty to Iowa
Jun 7 2011 // Allied Property and Casualty Insurance and six affiliated companies have agreed to pay a $50,000 penalty to the state of Iowa for overcharging on more than 1,700 Iowa auto insurance policies. The Gazette said that coding...
LexisNexis Insurance Exchange Now Available Industry-Wide
Jun 7 2011 // The LexisNexis Insurance Exchange, a system that promises to improve how property/casualty agents, brokers and carriers collaborate on commercial lines accounts, is becoming available industry-wide. The system simplifies...
Will New Legislation Help Florida’s Property Insurance Market?
Jun 7 2011 // Florida hasn’t been hit by a hurricane since the disastrous years of 2004 and 2005, but the state’s property insurance companies say they are still losing money despite collecting billions in premiums. That has...
Late May Storms to Cost Insurers Up to $7 Billion: AIR
Jun 6 2011 // The severe thunderstorms that struck the United States from May 20 to the 27 will result in insured losses to residential, commercial, and industrial properties and their contents, and to automobiles of between $4 billion...
Home Insurer Dropping 73,000 Policies in Alabama
Jun 6 2011 // Alabama’s second largest insurer of homes, Alfa Insurance, announced plans Friday to not renew policies on one out of every six homes it insures in Alabama. The company said it will send notices involving about...
Louisiana Closer to Recouping ‘Road Home’ Money
Jun 6 2011 // State Supreme Court: Contested Policies Must Be Evaluated Separately Louisiana may be able to recoup much of the money it handed out after Hurricanes Katrina and Rita in 2005 to help storm victims repair their homes,...
Best Performing Mid-Sized Commercial Insurers
Jun 6 2011 // Medical malpractice insurers rank high when it comes to best performers in the mid-sized commercial insurance arena. Medical liability insurers placed in eight of the top 20 slots, according to SNL Financial’s...
Colo. Court: Insurer Can’t Be Sued By Another Insurer for Failing to Cancel Policy
Jun 6 2011 // A Colorado Court of Appeal has ruled that an insurer cannot file suit against another insurer for its failure to cancel a policy. According to First Comp Insurance v. Industrial Claim Appeals Office of the State of...
What’s In Florida’s Property Insurance Cost Control Bill?
Jun 6 2011 // Florida Gov. Rick Scott signed into law legislation that promises to lower costs for the state’s property insurers, including what they pay on sinkhole claims. Scott said the bill (SB 408) “strengthens...
Texas Supreme Court Reaffirms Right to Appraisal
Jun 6 2011 // The Decision May Lead to More, Not Less, Litigation, However In the wake of Hurricanes Rita, Dolly and Ike, and the inevitable ensuing litigation, many arguments over appraisal provisions surfaced. Most property policies...
